NHN : Decision on Acquisition of Tangible Assets (Material Business Matters of Subsidiary Company)
August 08, 2022 at 11:26 pm EDT
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Decision on Acquisition of Tangible Assets (Material Business Matters of Subsidiary Company)
Subsidiary company
NHN Japan Corp.
's material business matters to report
1. Type of asset to be acquired
Land & buildings
- Name of asset to be acquired
DAIWA LAND RESIDENCE TORANOMON BUILDING
2. Details of acquisition
Acquisition price (KRW)
173,143,800,000
Total assets (KRW)
3,027,171,506,519
Ratio to total assets (%)
5.72
3. Counterparty
DAIWA LAND RESIDENCE CO., LTD
4. Purpose of acquisition
Purchase of office building for NHN Japan and subsidiaries.
5. Scheduled acquisition date
2023-04-28
6. Date of board resolution (decision date)
2022-08-08
- Attendance of outside directors
Present (No.)
-
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
Present
7. Other matters to be factored into investment decisions
- The above 'Total assets (KRW)' of 2. Details of acquisition is based on the consolidated financial statements as of the end of 2021.
- The above 'Acquisition price (KRW)' of 2. Details of acquisition is the amount calculated by the exchange rate of 961.91 KRW/JPY(100) at the date of board resolution.
- The above '5. Scheduled acquisition date' is the expected date of full payment of the acquisition price and is subject to change depending on the agreement between the contracting parties and the relevant schedule.
- The 'Total assets of subsidiary company (KRW)' of the [Details of Subsidiary Company] is based on the financial statements as of the end of 2021.
※ Related disclosure
-
[Details of Subsidiary Company]
Name of subsidiary company
NHN Japan Corp.
Name in English
NHN Japan Corp.
- Representative
Hyun Shik Ahn
- Main business
Internet Service
- Major subsidiary company?
No
Total assets of subsidiary company (KRW)
268,167,294,723
Consolidated total assets of parent company (KRW)
3,027,171,506,519
Ratio to consolidated total assets of parent company (%)
8.86
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Disclaimer
NHN Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 03:25:06 UTC.
NHN Corp, formerly NHN Entertainment Corp, is a Korea-based company principally engaged in the development and distribution of games. Through the operation of online game portal www.hangame.com, the Company develops and provides massive multiplayer online role playing games (MMORPGs), Web boards, sports, and casual games. It also provides mobile games, including Line Disney Tsum Tsum, Line Pop 2, Youkai Watch Puni Puni, Crusaders Quest, Friends Pop and others. Additionally, the Company provides convenience payment services and webtoon services through developed applications, Payco and Comico.